Oil steadies above $80 after Monday’s sharp rise
WTI oil keeps firm tone and holding above broken $80 barrier, now reverted to support, for the fourth straight day.
Near-term action is holding near new nine-week high, posted after Monday’s opening with large gap-higher and subsequent…
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Bears look for confirmation on break of trendline support / daily Kijun-sen
Australian dollar extends weakness into third straight day, deflated by prospects that the RBA’s tightening cycle is likely at the end.
Weakening technical studies on daily chart contribute to negative near-term outlook, as 14-d momentum…
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Limited dips keep larger bulls intact
Cable regained traction in early Thursday’s trading, underpinned by better than expected UK housing data, reducing immediate risk of deeper pullback after Wednesday’s close in red.
The pair hit new multi-week high (1.2525) following…
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Gold is on track for further gains after consolidation
Gold hit new multi-month high ($2032) on Wednesday, in extension of Tuesday’s sharp acceleration, when metal’s price was up 1.8% for the day (the biggest daily gain since Mar 17).
Weak US data contributed to growing expectations…
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Bulls hold grip after weak US labor data
The Euro keeps firm tone and holding within a narrow consolidation under new two-month high on Wednesday.
The single currency was lifted by weaker than expected US JOLTS job openings data on Tuesday, with today’s release of US ADP…
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USDCHF falls to multi-month low as pressure on greenback rises
The dollar fell to the lowest level since Aug 2021 against Swiss franc on Wednesday, in extension of sharp bearish acceleration in past two days, when the pair lost 1.1% of its value.
Fresh weakness broke through key med-term supports at…
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US dollar index – consolidation to precede final push towards 100.66/00 targets
The dollar index consolidating above new two-month low, posted after a sharp fall in past two days.
The greenback was deflated by renewed risk appetite, while weak latest economic data from the US suggest that economic conditions are…
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Aussie dollar under increased pressure on expectations that interest rate has peaked
Australian dollar remains in red for the second consecutive day, with bearish acceleration in early Wednesday, generating an initial signal of reversal, after recovery leg from 0.6563 Mar 10 low, stalled under 100DMA (0.6797).
The Aussie…
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Kiwi jumps after RBNZ surprise, but bulls face headwinds
The Kiwi dollar rose around 80 pips in early Wednesday, after the Reserve Bank of New Zealand, in its policy meeting today, surprised markets by increasing its official cash rate by 50 basis points, against widely expected 25 basis points…
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Gold surges to one-year high
Gold was sharply up in early US trading on Tuesday, breaking through psychological $2000 level and hitting the highest since March 2022.
Fresh rally was sparked by weaker than expected US data which added to uncertainty and prompted…
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